Kern River Gas Transmission Company
Second Revised Volume No. 1
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Effective Date: 08/01/2009, Docket: RP09-723-000, Status: Effective
Second Revised Sheet No. 735 Second Revised Sheet No. 735
Superseding: First Revised Sheet No. 735
. RATE SCHEDULE MO-1 .
Kern River Firm Transportation Services
ARTICLE VIII - INVOICING AND PAYMENT
8.1 Invoicing. When information necessary for invoicing by Transporter is
in the control of Shipper, Shipper shall furnish such information to
Transporter on or before the fifth (5th) Business Day of the Month
following the Invoicing Month. NAESB WGQ 2.3.7: "The cutoff for closing
of measurement is 5 Business Days after business month." If information
necessary for invoicing is not available in time for Transporter to
render a timely statement, Transporter may use reasonable estimates and
subsequently reconcile such estimates with actual information. NAESB
WGQ 3.3.14: "The imbalance statement should be rendered prior to or with
the invoice, and the transportation invoice should be prepared on or
before the 9th business day after the end of the production month.
Rendered is defined as postmarked, time-stamped, and delivered to the
designated site." Shipper and Transporter shall have the right to
examine, at reasonable times, books, the records and charts of the other
to the extent necessary to verify the accuracy of any invoice, charge or
computation made under or pursuant to any of the provisions hereof.
8.2 Payment. On or before the twenty-fifth Day of each Month, or the
previous business Day in the event the twenty-fifth Day is a weekend or
holiday, Shipper shall pay Transporter by wire transfer of immediately
available funds to a depository designated by Transporter, the amount
due for the Billing Month.
8.3 Interest on Unpaid Amounts. Should Shipper fail to pay the amount of
any bill rendered by Transporter when such amount is due, unless such
failure to pay is the result of Transporter's error, interest shall
accrue on the amount not paid at a rate of interest equal to the then
effective rate computed in the manner set forth in Section 154.501(d)(1)
of the FERC's regulations under the Natural Gas Act. If such rate
becomes unavailable, the rate shall be computed on the basis of the
lesser of two percent (2%) above the prime rate from time to time
charged by Chase Manhattan N.A. (or the succeeding bank of Chase
Manhattan, N.A.), or the maximum applicable nonusurious rate of interest
in the State of Texas.